BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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False
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True
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Detailed explanation-1: -Invest in technology Information technology can boost productivity in companies of all sizes. It can also reduce costs and improve profitability. Keep up to date with the latest developments in information systems and communications technology and choose the ones that are right for your business.
Detailed explanation-2: -Information systems aid companies in competing with other competitors by maintaining low costs, differentiating products or services, focusing on market niche, strengthening ties with customers and suppliers, and increasing market entry high competition.
Detailed explanation-3: -Information technology focuses on processing of information which is the basic part of strategic management process, called Strategic analysis. In this regard, Information technology is used to as an essential input to the process of strategic decisions.
Detailed explanation-4: -Heavy investment in information systems does not guarantee profitability. However, if wisely used to support the firm in its strategies they can import a sustainable competitive edge.